https://www.taxtmi.com/caselaws?id=335252 Declared transaction value under Section 14 of the Customs Act and the Customs Valuation Rules, 1988 could not be rejected merely because two consignments moved in the same vessel and were imported at different prices. Invoices and purchase orders supported both agreed prices as genuine transaction values, and no independent evidence showed extra consideration, suppression, or any basis to doubt the declared value. The enhancement from US $ 146 per MT to US $ 165 per MT was therefore arbitrary and unsupported by the valuation framework. The declared transaction value ought to have been accepted. en-us Fri, 30 Sep 2016 00:00:00 +0530 Tue, 29 Nov 2016 09:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335252 Declared transaction value under Section 14 of the Customs Act and the Customs Valuation Rules, 1988 could not be rejected merely because two consignments moved in the same vessel and were imported at different prices. Invoices and purchase orders supported both agreed prices as genuine transaction values, and no independent evidence showed extra consideration, suppression, or any basis to doubt the declared value. The enhancement from US $ 146 per MT to US $ 165 per MT was therefore arbitrary and unsupported by the valuation framework. The declared transaction value ought to have been accepted. Case-Laws Customs Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335252